U.S. Trade Deficit Probably Widened in May as Oil Prices Rose

(Bloomberg) — Higher crude oil prices and Americans’ appetite for goods made overseas caused the trade deficit to widen to $65 billion in May, the third-biggest on record, economists said before a government report today.

The projected shortfall is based on the median estimate of 62 economists surveyed by Bloomberg News and compares with a gap of $63.4 billion in April and a record $66.6 billion in October.
Bloomberg